Bitcoin sets $28,600 ATH as institutional fund inflows explodeBTC $28,165 (+5.4%) • ETH $734 (+1.5%) • XRP $0.23 (+16%)
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Bitcoin casually breached $28,500 this morning, setting a new all-time high after breaking its previous $19,800 ATH level last month. The move came amidst new narratives spinning for the volatile asset, such as its further positioning as a “digital gold” and an American bank stating it was “too big to fail.” As shown in the below chart, Bitcoin now sits at $27,800 at press time. The asset reached a high of $28,666 on crypto exchange Bybit in the wee hours, breaking a previous resistance level of $28,000. It trades above the 34-period exponential moving average, indicating a strong trend is still in play. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Cardano founder says XRP “not a security,” but there’s a catchThe CEO of IOHK said XRP remains clean—as of today in its current form—from the SEC despite troubles mounting for Ripple, its issuing company. Currency.com CEO on the pros and cons of regulated exchanges, crypto predictions for 2021 and moreCryptoSlate recently had the opportunity to chat with Jonathan Squires, the CEO of Currency dot com, a top platform for digital asset trading with a broad spectrum of fiat and crypto on-ramps. Governance in 2021: What the future holds for Cardano (ADA)In a recent YouTube video, Charles Hoskinson, the CEO of IOHK, looked back at 2020 and how it helped shape Cardano into a future-proof, third-generation blockchain. This publicly listed company just bought $2 million worth of Bitcoin for its treasuryBitcoin has seen an influx of institutional adoption over recent months. Two DeFi coins THORChain (RUNE) and REN break out of slumber with 10% ralliesDeFi altcoins have been hammered hard over the past few weeks despite immense strength in Bitcoin, which has subsequently been reflected in Ethereum’s price action. Why XRP suddenly spiked 35% in 45 minutes after a massive correctionThe XRP price increased by 35% within 45 minutes subsequent to a large correction after Coinbase suspended XRP trading. Featured videoPolkadot vs. Kusama, why the two “cousin” blockchains are here to stay
Polkadot emerged as one of the biggest “Ethereum killers” this year, with its high throughput, low-fee network, and the demand for such features booming as the DeFi sector surged in 2020. It is maintained by five individual teams. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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